Comments on: Santa Ana’s pension spike now bearing bitter fruit http://orangejuiceblog.com/2008/12/santa-anas-pension-spike-now-bearing-bitter-fruit/ Orange County's top political blog Tue, 16 Mar 2010 23:27:30 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Mike Kennedy http://orangejuiceblog.com/2008/12/santa-anas-pension-spike-now-bearing-bitter-fruit/comment-page-1/#comment-114024 Mike Kennedy Mon, 21 Dec 2009 20:15:28 +0000 http://orangejuiceblog.com/?p=15838#comment-114024 Larry, you should take a look at this Breitbart post on tea parties and where they should go now. http://biggovernment.com/2009/12/21/code-tea-tea-parties-go-home-all-politics-is-local/ Larry, you should take a look at this Breitbart post on tea parties and where they should go now.

http://biggovernment.com/2009/12/21/code-tea-tea-parties-go-home-all-politics-is-local/

]]> By: Red Vixen http://orangejuiceblog.com/2008/12/santa-anas-pension-spike-now-bearing-bitter-fruit/comment-page-1/#comment-77459 Red Vixen Mon, 29 Dec 2008 01:16:29 +0000 http://orangejuiceblog.com/?p=15838#comment-77459 Excellent story, Art. Instapundit picked it up, too http://www.pajamasmedia.com/instapundit/ Excellent story, Art.

Instapundit picked it up, too

http://www.pajamasmedia.com/instapundit/

]]> By: cali http://orangejuiceblog.com/2008/12/santa-anas-pension-spike-now-bearing-bitter-fruit/comment-page-1/#comment-77440 cali Sun, 28 Dec 2008 09:19:15 +0000 http://orangejuiceblog.com/?p=15838#comment-77440 So the police get more. The SAPD already recieves 50% of the the cities budget. Compared to other cities the same size in Ca, Sacramento, San Diego, Oakland and Anaheim it is very inflated. Those cities range between 32% to 40%. If they want to help the budget they should start there. Of course the PD is one of the most influential organizations in the city. They even get CDBG money, they used that for their new building and asked for more this year. So the police get more. The SAPD already recieves 50% of the the cities budget. Compared to other cities the same size in Ca, Sacramento, San Diego, Oakland and Anaheim it is very inflated. Those cities range between 32% to 40%. If they want to help the budget they should start there. Of course the PD is one of the most influential organizations in the city. They even get CDBG money, they used that for their new building and asked for more this year.

]]> By: cook http://orangejuiceblog.com/2008/12/santa-anas-pension-spike-now-bearing-bitter-fruit/comment-page-1/#comment-77438 cook Sun, 28 Dec 2008 04:31:53 +0000 http://orangejuiceblog.com/?p=15838#comment-77438 Pension entitlements have been a sleeping monster for some time. The state counties and cities all put them into place with legal votes and negotiations. Just vote to take a five year hiatus from contributions, the funds have plenty of cash to meet their needs, right? And if that can’t be vote to happen, then cancel the plans outright, buy annuities for the current retires and move the balance in to the Social Security System. Funding of these retirement systems has always been a percentage of the then current pay (wages) and the final payouts are based on inflated final year salaries. Recalculated all those pensions based the same way SS payments are based. Pension entitlements have been a sleeping monster for some time.

The state counties and cities all put them into place with legal votes and negotiations.

Just vote to take a five year hiatus from contributions, the funds have plenty of cash to meet their needs, right? And if that can’t be vote to happen, then cancel the plans outright, buy annuities for the current retires and move the balance in to the Social Security System.

Funding of these retirement systems has always been a percentage of the then current pay (wages) and the final payouts are based on inflated final year salaries. Recalculated all those pensions based the same way SS payments are based.

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